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Tag Archives: capitalism

Treasury Admits Regulation Hurts Business

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For years adherents to the Austrian school of economics have been making the case that regulation bars access to economic opportunity, making it harder for the average producer to access and process from the boons of capitalist interactions. Now validation of that principle is coming from an unlikely place: the federal government. A report recently released by the Office of ...

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You May Be A Liberal/Democrat/Progressive if…

You believe the White House should dictate housing and building codes for neighborhoods You think voter ID laws are a bad thing and are discriminatory You think massive, long-run quantitative easing is good for the economy You believe homosexuality is due to global warming You think the wealth creation of capitalism is only a chance, temporary thing You think the ...

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The BO Behind the Obamacare Numbers

If there was one thing that then presidential candidate Barack Obama had right it was his assertion that words matter. That understood, it has always seemed a bit odd to me that a man who presents and proudly proclaims himself a full blown Progressive – if not the quintessential Fabian Progressive – would have alerted the electorate to this fact. ...

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American Capitalism & The Illusion of Laissez Faire

To draw from an opening phrase, in the beginning, there was capitalism. More accurately, at the beginning of our Constitutional Republic, government was committed to limiting – drastically – it’s footprint in the new American marketplace. Americans were free from the tyranny of government interference leveled at the former colonists at the hand of King George III. Our Founders and ...

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This Thanksgiving Brought to You By — Capitalism

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Mmm, capitalism tastes great. Love the wonderful aromatics glazing the crispy turkey skin on this fist-sized drumstick, dipping that bad boy in spicy turkey gravy, and then a glob of silky smooth mashed potatoes, and then maybe a dollop of stuffing, and then a hint of cranberry sauce, and then — gulp, scene. Oh, I’m sorry, was that uncompassionate of ...

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Learn From The Past

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Hungarian born businessman Thomas Peterffy grew up in a socialist country. He saw first hand what a government that rejects capitalism does to its people. Fortunately for Peterffy, he managed to immigrate to the United States to ‘live the American Dream.’ Like many Peterffy learned English, worked hard and built a successful life here. Today Thomas Peterffy has invested a ...

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Free Market Revolution

FMR

Amid the ire directed towards our government, our biggest corporate entities and each other, there are calls from all sides for dramatic change in the policies and politics of America. From TEA party activists, to Occupiers, to the weary long-time unemployed, there is a sense of urgency that something must change, and must change fast. Free Market Revolution is a ...

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Parenting Toward Capitalism

Piggy banks

In a century already plagued by stories of “crony capitalism” like Halliburton and Solyndra, the concept of capitalism is really getting a bad rap. I decided long ago that the liberal indoctrination of my children through mainstream media would not happen. So, when I see an opportunity to parent them away from destructive messages and toward the highest ideals, I ...

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The Top Ten Reasons Why Socialism is Wrong

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1. Marx’s Labor Theory of Value, adapted from Ricardo, is wrong. Work is not exploitation and profit is not theft. (For more on this subject see Schumpeter’s Capitalism, Socialism, and Democracy.) 2. Historical Materialism begs the question of human agency. It is unexplained how socialists come to have consciousness that is “authentic,” while capitalists have “false consciousness.” Marx’s theory underplays ...

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Capitalism: The Perpetual Economic Revolution

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  Capitalism has gotten a bum rap from self-styled revolutionaries for being a supposed class system of exploitation that serves the interests of an economic oligarchy. But this is a fundamental misreading of capitalism, and dismisses several indispensable assumptions about the market system that are difficult to swallow for both socialists and corporatists. Rather than reflecting an ossified pyramidal society, ...

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A Moral Case for Capitalism

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There is a pervasive attitude in academia and in the culture at large that socialists are misunderstood intellectuals and capitalists are selfish, greedy pigs. What is absent in the cultural discussion is the moral case for capitalism. Capitalism is morally right because it is consistent with free will, individual autonomy, and human creativity; it is a more ethical basis for ...

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To love private equity or not love it? That’s the question

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So President Obama hates Bain Capital. Is it because Mitt Romney worked or is it due to the fact that the President’s short-term memory loss has caused him to forget that Bain Capital was one of the largest contributors to his 2008 presidential campaign? A bigger question is: how will Obama feel about his campaign co-chair being a “venture capital ...

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Crony-Capitalism Is As Phony As African-American

It seems the expression of the day now, the new “gravitas”, in referring to our political/economic system is “crony-capitalism”. This term is such a misnomer that it almost defies explanation. I looked up capitalism in Webster’s Dictionary and the term cannot possibly be partnered with the word “crony”. According to Webster, capitalism is defined as: Capitalism: an economic system characterized ...

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Capitalist America, to Be or Not to Be Free

According to Barack Obama, the Democrat party and Occupy Wall Street, society’s ills are primarily the fault of the entrepreneurial class.  The rich and greedy.  Those evil corporations who sap the life blood out of working class men and women.  For maximum profit.  Servants to the god of mammon, capitalists defraud their workers of time and energy compensating them only ...

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